“GAIa – Geothermal Azores Iceland Programme”, Área Programática Energias Renováveis – AP6
The Renewable Energy Programme Area (PA6) is under the scope of the “Climate Change and Renewable Energy” Priority Sector of EEA Financial Mechanism 2009-2014 (EEAFM 2009-2014), contributing to the reduction of economic and social disparities through the diversification of conventional energy supply.
The overall objectives of the “GAIa Programme” are built on the aims of the EEAFM 2009-2014 to contribute to the reduction of economic and social disparities in the European Economic Area, in Azores by offering a green and reliable source of electricity to its inhabitants. The development of the “GAIa Programme” will create high-skilled jobs, generate and help to develop the local business, promote important savings for the economy of the islands (as it voids the importation of fossil fuel) and it is environment-friendly because it decreases the CO2 emissions.
The “GAIa Programme” narrows the scope of the Renewable Energy Programme Area (PA6) in line with the specific concerns of the Memorandum of Understanding which states that the programme shall focus on geothermal energy in the Azores Islands. Basic on this specific concern, the direction of the “GAIa Programme” is basically twofold, providing support to investments which contribute to the increase of the production of electricity through the exploitation of geothermal resources (outcome I), as well as through a small grant scheme improving capacity at regional level on geothermal energy field (outcome II).
The outcome I will be reached through pre-defined project, the purpose of which is to give grant assistance to the construction of a “Geothermal Pilot Power Plant of 3 MW, on Terceira Island”.